SJM Holdings appoints Toh as new CFO

Toh replaces Robert Earle (McBain), who stepped down from the role on 1 January, but will continue as an advisor to SJM’s Sociedade de Jogos de Macau (SJMSA) subsidiary.

Toh has been serving as chief operating officer for finance and development of the SJMSA business since October of last year.

Prior to this, he was chief financial officer of Shangri-La Asia Limited, and also had a spell as CFO, executive vice president and executive director of Sands China

“The board wishes to express its appreciation to Mr McBain for his valuable contribution to the company during his tenure of office as chief financial officer and welcomes Mr. Toh to the new appointment,” SJM said.

The appointment comes after SJM in November has reported an 89.6% year-on-year drop in net gaming revenue for its third quarter, due to ongoing restrictions on its land-based properties caused by the novel coronavirus (Covid-19) crisis.

Net gaming revenue for the three months to 30 September totalled HK$879m (£83.3m/€92.4m/US$113.4m), down from HK$8.24bn in 2019.